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Morning Report - 28 February 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Rolls-Royce Holdings PLC 731.6 15.9%
London Stock Exchange Group PLC 11,775.0 6.1%
Hiscox LTD 1,169.0 4.5%
Aviva PLC 546.8 4.2%
International Consolidated Airlines Group S.A. 338.7 3.5%
Yesterday’s UK 100 Laggards Price (p) % Chg
WPP PLC 645.2 -16.2%
Howden Joinery Group PLC 787.5 -6.1%
Endeavour Mining PLC 1,545.0 -5.2%
Haleon PLC 382.4 -3.3%
Berkeley Group Holdings (The) PLC 3,588.0 -3.1%
Major World Indices Price % Chg 1 YEAR
Uk 100 INDEX 8,756 0.3% 14.0%
DOW JONES INDUS. AVG 43,240 -0.5% 11.0%
DAX INDEX 22,551 -1.1% 28.5%
NIKKEI 225 37,912 -0.9% -2.3%
S&P/ASX 200 INDEX 8,197 -0.9% 6.5%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 70.15 -0.28%
Brent Crude (ICE) USD/bbl. 74.04 2.08%
Gold Spot USD/t oz. 2,876 -0.1%
Copper (Comex) USd/lb. 459 -0.6%
The UK 100 called to open -72 points at 8,684

4 Hours; 12 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -72 points at 8,684.  The UK 100 looks set to open lower this morning, as nerves over tariffs.  Donald Trump, in the last 24 hours has doubled down on a 25% levy against the European Union, reaffirming the March 4 launch of duties on Canada and Mexico (scrapping earlier April 2 ambiguity), and slapping an additional 10% tax on Chinese imports.

The S&P fell during a volatile session, after President Donald Trump’s declaration that tariffs on Canada and Mexico would proceed as planned, as well as a negative reversal in bellwether stock Nvidia following earnings. The S&P closed down 1.59% at 5,861.57. The broad market index remains in the red for the week and month. The Nasdaq pulled back 2.78%, to end the day at 18,544.42, with Nvidia’s 8.5% slide pulling the tech-heavy index lower. The Dow Jones lost 193.62 points, or 0.45%, to finish at 43,239.50.

Asian markets were lower overnight, in China, the Shanghai Composite traded 1.9% lower on Friday, while the Hang Seng Index in Hong Kong tumbled 3.3%. Tokyo's Nikkei 225 slumped 2.9% and the S&P/ASX 200 in Sydney shed 1.2%.

 

 

Company News & Broker Comments:

Company News:

British Airways owner IAG launched a 1-billion-euro ($1.04 billion) share buyback on Friday after it reported a 27% jump in annual operating profit, beating market expectations.  The carrier reported adjusted operating profit of 4.44 billion euros. Analysts had expected 4.08 billion euros, according to a company-compiled poll.

 

 

Weir has entered into a binding agreement to acquire Mining Software Holdings Pty Ltd, a company based in Perth, Australia, for a sterling equivalent enterprise value of £657m1 (A$1,310m).

 

Broker Comments:

No New Broker Comments

 

 

Reporting Today:

UK

 

IMI (IMI)

International Consolidated Airlines Group (IAG)

Pearson (PSON)

 

US

 

None

 

Reporting Tomorrow:

UK

 

Bunzl (BNZL)

Senior (SNR)

 

US

 

None

In Focus Today:

German Retail Sales

BoE's Ramsden speech

German Unemployment Rate

German Consumer Price Index

German Harmonized Index of Consumer Prices

US Core Personal Consumption Expenditures - Price Index

US Personal Income

US Personal Spending

US Chicago Purchasing Managers' Index

 

Next Week's Ex-Dividends:

UK 100 companies going ex-dividend on 6th March 2025:

 

Rio Tinto

HSBC Holdings

LondonMetric Property

Berkeley Group Holdings

UK 250 companies going ex-dividend on 6th March 2025:

 

BBGI Global Infrastructure S.A.

Foresight Environmental Infrastructure

North Atlantic Smaller Companies Inv Tst

Energean

Assura

HICL Infrastructure

Dr. Martens

Temple Bar Investment Trust

JPMorgan Global Growth & Income

Genus

Renishaw

Personal Assets Trust

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